2271 W Pico Boulevard, Los Angeles, CA 90006

  • $2,500,000
2271 W Pico Boulevard, Los Angeles, CA 90006
Active
2271 W Pico Boulevard, Los Angeles, CA 90006
2271 W Pico Boulevard, Los Angeles, CA 90006
  • $2,500,000

Description

INVESTOR’S DREAM ON PICO BLVD, FULLY LEASED RETAIL STRIP WITH STRONG RETURNS, 2271–2281 W PICO BLVD, LOS ANGELES, CA 90006.

THIS IS A RARE OPPORTUNITY TO ACQUIRE A 100% LEASED, HIGH-PERFORMING RETAIL CENTER IN THE HEART OF ONE OF LOS ANGELES’ BUSIEST COMMERCIAL CORRIDORS. WITH RENTAL INCOME AND 3% ANNUAL INCREASES, THIS ASSET DELIVERS A STRONG CAP RATE OF OVER 6%, BACKED BY LONG-TERM, STABLE TENANTS AND ZERO VACANCY. THE PROPERTY CONSISTS OF SIX STREET-FACING RETAIL UNITS, ANCHORED BY A WELL-KNOWN PERUVIAN ROTISSERIE CHICKEN RESTAURANT THAT DRAWS CONSISTENT FOOT TRAFFIC. ADDITIONAL TENANTS INCLUDE A BICYCLE SHOP, NAIL SALON, ICE CREAM SHOP, BOUTIQUE FASHION STORE, OPTICAL SHOP, AND A DOLLAR STORE. ALL TENANTS TO ARE ON MODIFIED GROSS LEASES, COVERING THEIR OWN UTILITIES AND MAINTENANCE, WHICH ENSURES MINIMAL LANDLORD RESPONSIBILITIES AND MAXIMUM NET INCOME. SITUATED ON HIGH-VISIBILITY PICO BLVD, THE PROPERTY BENEFITS FROM STRONG VEHICLE AND PEDESTRIAN TRAFFIC DAILY. THE ROOF WAS REPAIRED IN 2024, ADDING FURTHER VALUE AND REDUCING NEAR-TERM CAPITAL NEEDS. THIS IS A TURNKEY, INCOME-PRODUCING INVESTMENT WITH BUILT-IN RENTAL GROWTH, IDEAL FOR INVESTORS SEEKING RELIABLE CASH FLOW, LONG-TERM APPRECIATION, OR A SOLID 1031 EXCHANGE REPLACEMENT. A STRATEGIC ADDITION TO ANY PORTFOLIO. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.

  • Address 2271 W Pico Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90006
  • Country US

Details

Updated on April 18, 2025 at 1:11 pm
  • Property ID: PW25085341
  • Price: $2,500,000
  • Property Size: 6240 Square Feet
  • Land Area: 0.1543 Acres
  • Garage Size: x x
  • Year Built: 1922
  • Property Type: Retail, Commercial Sale
  • Property Status: Active

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  • Hoyt Hochman